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Apple’s App Store is one of the most successful business ideas of our modern time. Sure you need a great portable device like the iPhone or the iPod touch in order for an app store to take off. But once you have that device, success is guaranteed. The App Store currently has over 100,000 apps in its inventory and over 2 billion have been made. Is it a gold mine?

It’s definitely a gold mine for Apple but it also happens to be bringing in huge profits for certain app developers. One such app developer is Tapulous which is selling now over $1 million worth of apps each month. That’s certainly something remarkable for a company that only has about 20 employees.

The company has one very popular game called Tap Tap Revenge. The game has been installed more than 20 million times and there have been played more than 600 million games to date. According to comScore, one third of Apple app users have installed the game already which is only good news for Tapulous.

CEO Bart Decrem expects his company to grow even more in the following years. That’s certainly a possibility considering that Apple will keep launching new iPhones and the App Store will continue to grow as more and more people will decide to get the Apple’s handsets.

Tapulous hasn’t mentioned exact numbers but the company is definitely doing good. Not only does it sell games and in-game songs but it also has ads to bring in extra cash. As you can see start-up companies definitely have a chance in the app business, especially if those apps are designed for one of the most popular cell phone on the market.

What about you? Do you have an app or a game that could become the next hot thing in the App Store?

Via | Post filed under Mobile/Cell Phones